Home Builders Get Some Good News
Citing newly released information for October, NAHB says on its website that single-family housing starts nationally rose 3.9 percent to a seasonally adjusted annual rate of 430,000 units.Building permits for single-family permits gained 5.1 percent – to 434,000 units.
The permit pace is the best in almost a year, NAHB reported.
Overall housing starts looked flat because multifamily units fell 8.3 percent.
Still, "We are beginning to see some activity in the housing market," NAHB Chief economist David Crowe said in a commentary posted with the numbers.
NAHB has the full report.
Recommended Reading
-
Read More
National Association of Home Builders